FAC Explorer

Audit 319753

FY End
2024-01-31
Total Expended
$5.65M
Findings
0
Programs
3
Organization: Scott Hill, Inc. (VA)
Year: 2024 Accepted: 2024-09-17
Auditor: Brown Edwards & Company LLP

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
14.155 Mortgage Insurance for the Purchase Or Refinancing of Existing Multifamily Housing Projects $4.35M Yes 0
14.195 Section 8 Housing Assistance Payments Program $1.26M - 0
14.191 Multifamily Housing Service Coordinators $40,882 - 0

Contacts

Name Title Type
K6N6DS5Z3LC1 Kathryn Overacker Auditee
5405634565 John S. Aldridge Auditor
No contacts on file

Notes to SEFA

Title: Loan Program Accounting Policies: This schedule of expenditures of federal awards was prepared on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). De Minimis Rate Used: N Rate Explanation: Not applicable to the Corporation Scott Hill, Inc. has received a Section 223(f) HUD insured mortgage. The loan balance outstanding at the beginning of the year is included in the schedule of expenditures of federal awards presented above. The Corporation received no additional loans during the year. The balance of the loan outstanding at January 31 was $4,173,639.